1/13/2009

Joe Biden warned Americans to “Gird your loins” because Barack Obama will be tested early, and he was right. Obama hasn’t even been inaugurated and he’s already been challenged twice — first by Democratic Governor Rod Blagojevich’s appointment of Roland Burris, and now by his fellow Democrats in Congress:

“Tested before taking power, President-elect Barack Obama privately delivered a pre-inauguration veto threat to fellow Democrats on Tuesday, saying they would not deny him use of the remaining $350 billion in federal bailout funds.

Obama coupled his threat with a promise to revise elements of the original bailout program that have drawn widespread criticism, pledging that billions will go toward helping homeowners facing foreclosure. Several Democrats said his commitments, to be made in writing, would be enough to prevent an embarrassing pre-inauguration drubbing for the president-elect when the Senate votes this week.”

This suggests Obama plans to deal with Democrats in Congress by using the carrot and the stick — the same approach he tried last month with Iran. Iran immediately rejected Obama’s policy and tactics. For now, I predict the Democrats will give in.

8 Responses to “Obama Will Be Tested”

The MSNBCers are already grumbling about Obama holding over some of W’s people, in addition to his general philosophical shift (EXACTLY the same as Slick Willie did; don’t these idiots know the old saw about history repeating itself?) towards — I said “towards”, not ‘to’ — the center.

I’ve said it before, I’ll say it again: Anyone — ANY-FUCKING-ONE — that EVER thought he was ANYTHING other than politics-as-usual is a fucking idiot.

President-elect Barack Obama’s upcoming inaugural speech and the challenges facing him immediately after he is sworn in will be the topic of News Talk Online on Paltalk.com with my guest, Hunter College political science professor and presidential scholar Andrew Polsky at 5 PM New York time January 15.

Looks like Obama is going to buy homes for people who can’t afford to buy them for themselves.

This was the obvious finale to the CRA’s extortion of inner-city mortgage lenders.

1. First we force banks to loan to deliquents by threatening them with lawsuits.
2. Then we excuse the non-paying delinquents by blaming “predatory lenders.”
3. Then we use the resultant market chaos to justify “helping homeowners [sic*] facing foreclosure.”

Gramsci would be proud!

Is there no way that we can put stop to this scam?!
-Steve
* If your home is not paid for, you are not the “home-owner.” The banks is. Honesty is a forgotten virtue these days.

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